Austrian 1 Ducat 1915 — circulating
The Austrian 1 ducat dated 1915 is one of the smallest gold coins in our range: it contains 3.44 g of fine gold at 986/1000. The circulating version is an Austrian Mint restrike that may have passed through the trade and can show light marks — fine scratches, rubbed high points, a slightly dulled field. Its gold content is the same as the non-circulating version.
This version suits buyers who care about the gold rather than the surface. The other versions are in the gold ducats category: the non-circulating 1 ducat in mint condition and the 4 ducat coin, circulating and non-circulating.
Why a new coin is dated 1915
The ducat is one of the oldest trade gold coins in Europe. In Austria it was officially struck as trade gold until 1915 and was legal tender until 1858. The design with the portrait of Franz Joseph I used on today's coins was first used in 1872.
After regular issue ended, the Austrian Mint began striking ducats as historical restrikes with the date of the last regular year — 1915. The date never changes, so a ducat dated 1915 is not a coin from the imperial era but a modern product of the mint made to the historical design.
Obverse and reverse
Obverse: Emperor Franz Joseph I with a laurel wreath and the legend FRANC IOS I D G AVSTRIAE IMPERATOR — Franz Joseph I, by the grace of God Emperor of Austria.
Reverse: the crowned double-headed eagle with a coat of arms. The legend lists in abbreviated form the monarch's further titles — King of Hungary, Bohemia, Galicia, Lodomeria and Illyria and Archduke of Austria — and the date 1915. On circulating coins the cheek and feathers may be lightly rubbed.
What determines the price
The main factor is the value of 3.44 g of fine gold at the current gold price. On top of that comes a market premium for minting and distribution. For small coins such as the ducat the market premium per gram is usually higher than for one-ounce coins, and the circulating version is typically a few percent cheaper than the non-circulating one.
Ducats and VAT
The ducat meets the EU criteria for VAT-exempt gold coins: fineness of at least 900/1000, struck after 1800, legal tender in the country of origin — in Austria until 1858 — and sold at no more than 80% above the value of its gold. The legal basis is Article 344 of Directive 2006/112/EC, implemented in Poland by Article 122 of the VAT Act.
The ducat compared with other Austrian Mint coins
| Coin |
Total weight |
Fineness |
Fine gold |
Diameter |
| 1 ducat 1915 |
3.49 g |
986/1000 |
3.44 g |
19.75 mm |
| 4 ducats 1915 |
13.96 g |
986/1000 |
13.77 g |
39.50 mm |
| 4 florins 1892 |
3.23 g |
900/1000 |
2.90 g |
19 mm |
| 20 corona 1915 |
6.78 g |
900/1000 |
6.10 g |
21 mm |
| Vienna Philharmonic 1/10 oz |
3.12 g |
999.9/1000 |
3.11 g |
16 mm |
All coins in the table are Austrian Mint restrikes bearing historical dates. At 986/1000 — about 23.7 carats — the ducats have the highest fineness in this group; the florins and coronas were struck in 900/1000 gold.
Specifications
| Specification |
Value |
| Denomination |
1 ducat |
| Country |
Austria |
| Mint |
Münze Österreich (Vienna) |
| Date on coin |
1915 (historical restrike) |
| Total weight |
3.49 g |
| Fine gold |
3.44 g (0.1106 troy oz) |
| Fineness |
986/1000 |
| Diameter |
19.75 mm |
| Condition |
circulating — signs of handling possible |
| VAT |
exempt (Article 344, Directive 2006/112/EC) |
Why GoldInvest24
- All ducats in one place — 1 and 4 ducats, circulating and non-circulating: gold ducats.
- Priced by the gold price, updated continuously and shown on the product page.
- VAT-free for coins that meet the EU criteria.
- Insured shipping in discreet packaging.
- Service in English, Polish and German.
Frequently asked questions about the circulating ducat
How much gold does an Austrian ducat contain?
A ducat weighs 3.49 g and contains 3.44 g of fine gold at 986/1000, about 0.1106 troy ounces.
What does circulating mean?
It is an Austrian Mint restrike that may have been in the trade and can show light marks such as fine scratches. The gold content is the same as the non-circulating version.
Is this ducat an original from the imperial era?
No. It is a historical restrike dated 1915, the date the Austrian Mint uses on all modern ducats.
When was this design first used?
According to the Austrian Mint, the design with the portrait of Franz Joseph I was first used in 1872.
How does the ducat differ from the 4 ducat coin?
The 4 ducat coin weighs 13.96 g, contains 13.77 g of fine gold and is 39.50 mm across. The single ducat weighs 3.49 g at 19.75 mm.
Do you pay VAT on the ducat?
No. The ducat meets the criteria of Article 344 of Directive 2006/112/EC: 986/1000 fineness, struck after 1800 and formerly legal tender.
See also: gold ducats — all versions in one category — and historical gold coins.